Loading…
The Canadian dollar rose to a five-week high after August jobs rose by 81,100, far above the 15,000 expected, driven by part-time work. Markets cut the odds of a Bank of Canada rate cut at the October 30 decision to about 22%.
A stronger Canadian labor market reduces the likelihood of BoC easing and supports the loonie, which pushes USD/CAD lower and affects the relative cost of Canadian-origin feed commodities.
theglobeandmail.comFergal SmithSep 6, 2019Not enough comparable past events yet for a historical read.
Moves of each commodity's benchmark from the last close before the event. Historical reads pool past events of the same kind; they describe what happened, not what will. Not investment advice.
